ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 4,680 shares, a growth of 130.4% from the July 30th total of 2,031 shares. Based on an average daily trading volume, of 1,397 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.9% of the company’s stock are sold short.
ProShares UltraShort SmallCap 600 Stock Up 1.3%
Shares of ProShares UltraShort SmallCap 600 stock traded up $0.11 during trading on Friday, hitting $8.38. 191 shares of the stock were exchanged, compared to its average volume of 3,297. The stock’s fifty day moving average is $8.23 and its 200 day moving average is $9.58. ProShares UltraShort SmallCap 600 has a 12 month low of $7.79 and a 12 month high of $14.68.
Institutional Investors Weigh In On ProShares UltraShort SmallCap 600
An institutional investor recently bought a new stake in ProShares UltraShort SmallCap 600 stock. Susquehanna International Group LLP bought a new position in ProShares UltraShort SmallCap 600 (NYSEARCA:SDD – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,800 shares of the company’s stock, valued at approximately $168,000. Susquehanna International Group LLP owned approximately 10.67% of ProShares UltraShort SmallCap 600 as of its most recent SEC filing.
ProShares UltraShort SmallCap 600 Company Profile
ProShares UltraShort SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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